Editorial: Taxing nonprofits: Not the way to go - Winston-Salem Journal: Editorials: Senate leaders say financially strong nonprofit hospitals don’t need sales-tax refunds on their purchases. They would, in effect, punish the entire nonprofit sector. First, their bill would eliminate the charitable deductions on our income tax bills. Second, it would cap at $100,000, by 2017, the size of the sales-tax refund that any nonprofit can take. Nonprofits pay sales taxes when they make purchases but file for refunds.
The financial damage does not stop with hospitals and the Red Cross. According to the N.C. Center for Nonprofits, about 250 major nonprofit organizations will be affected by reduction of the sales-tax refund in 2017, when it is fully implemented. Of those, about 90 are hospitals.
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